New Management Lineup For Aetna Services

April 25, 1992

Aetna Life & Casualty Co. Friday announced a reorganization of the management in charge of pension, life insurance and other financial services businesses.

The realignment follows the recent resignation of Edmund F. Kelly, who was responsible for all the affected businesses. He left to become president and chief operating officer of Liberty Mutual Insurance Cos. in Boston.

Under the new line-up, Gary G. Benanav is group executive, heading Aetna Life Insurance and Annuity Co. investments and small-employer and individuals' pensions, annuities, mutual funds and life insurance.

Benanav, who has been president of Aetna International Inc., continues in that position.

Group Executive David A. Kocher will no longer be responsible for individual life insurance but will continue to head Aetna's property-casualty operations.

Daniel P. Kearney, currently group executive for investments, will also be responsible for Aetna Pensions & Financial Services, which serves larger employers.

James W. McLane, currently chief executive officer of Aetna Health Plans, will become group executive responsible for that unit and two others. They are Sponsored Products, which is life insurance sold through associations or payroll deduction, and Small Business Markets.

Ronald E. Compton, Aetna chairman and chief executive officer, said the management changes are meant to "more effectively align a number of our strategic business units and to help us manage them in an increasingly competitive environment.